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A piece of newly purchased industrial equipment costs $870,000 and is cdassified as seven-year property under MACRS. The MACRS depreciation schedule is shown in MACRS
A piece of newly purchased industrial equipment costs $870,000 and is cdassified as seven-year property under MACRS. The MACRS depreciation schedule is shown in MACRS Table Required: Calculate the annual depreciation allowances and end-of the-year book values for this equipment. (Do not round intermediate cakculations. Leave no cells blank. Enter "0" when necessary.) Book Value 2 MACRS Table 3-YEAR 33.33% 45.45% 5-Year 20.00% 32.00% YEAR 14.si % 19.20% 7.41 % 11.52% 1 1 .52% 5.76%
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